Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2038 University Dr Denton, TX 76201

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-traffic location, excellent visibility.

    Property size:
    29,969 SF

    Property Features for 2038 University Dr

    General Information

    Property type
    Retail properties & Spaces
    Square Feet
    29,969 SF
    Lot Size
    29,969 SF

    We can help!

    Listing Contact
    Matthew Rosenfeld
    Matthew Rosenfeld

    Listing Agency: Weitzman Dallas Listing Agent: Matthew Rosenfeld

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 0.688-acre pad site, located at 2038 W University Drive in Denton, Texas (zip code 76201), presents a remarkable investment opportunity within the thriving Denton market. The property boasts a substantial 29,969 square feet and is ideally situated adjacent to the rapidly expanding Rayzor Ranch retail development, ensuring high visibility and significant foot traffic. Its strategic location on W University Drive offers three convenient access points – two directly from W University Drive and one cross-access point connecting to the new retail development, providing optimal accessibility for customers. The property's QSR/Fast Food zoning makes it perfectly suited for a variety of quick-service restaurant concepts. The asking price for this exceptional property is $2,586,666. Given its prime location, ample square footage, and convenient access points, this pad site represents a rare opportunity to establish a successful business in a high-growth area. The property's location in Denton County, Texas, offers a strong demographic profile and a robust local economy. This is an ideal opportunity for investors seeking a high-return investment in a prime retail location. Don't miss out on this chance to secure a prominent position in a rapidly developing retail corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dutch Bros Coffee Cafe & Coffee Shop Vaughn & Hooper Cash ... Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.1576046
    Latitude
    33.2301526

    Nearby Similar for Sale

    • $850,000
      2,788 SF

      Medical Office Building Near Medical City

      Purpose-built medical building with exam rooms and ample parking.
      3204 Colorado Blvd, Denton, TX 76210
      View Details
    • $849,000
      3,380 SF

      Denton Office Building Near I-35

      Turnkey office building with excellent visibility and accessibility near I-35.
      638 Londonderry Ln, Denton, TX 76205
      View Details
    • $625,000
      1,600 SF

      Denton Retail Opportunity Near UNT

      Corner commercial building across from UNT, ideal for retail.
      119 Avenue A, Denton, TX 76201
      View Details
    • $200,000
      1,152 SF

      Denton Office Condo For Sale

      Office condo on I-35 Frontage Rd near University Drive.
      4216 N Interstate 35, Denton, TX 76207
      View Details
    • $6,400,000
      6.11 Acres

      Denton Retail Investment Opportunity

      Bank-owned retail center in Denton, TX with value-add potential.
      1431-1437 E Mckinney St, Denton, TX 76209
      View Details
    • New
      $4,300,000
      9,720 SF

      Denton Apartments Near University Campus

      24-unit apartment buildings near the University of North Texas campus.
      2404 Louise St, Denton, TX 76201
      View Details
    • $495,000
      0.24 Acres

      Denton Commercial Building with Parking

      Turn-key, updated commercial building in the heart of Denton, Texas.
      1005 N Elm St, Denton, TX 76201
      View Details
    • $550,000
      4,095 SF

      Denton Quadruplex: Fully Leased Investment

      Fully leased quadruplex in Denton, offering immediate income potential.
      3065-3071 Olympia Dr, Denton, TX 76209
      View Details
    • $550,000
      4,095 SF

      Fully Leased Denton Quadruplex

      Income-producing quadruplex in Denton, fully leased and well-maintained.
      3073-3079 Olympia Dr, Denton, TX 76209
      View Details
    • $499,000
      0.54 Acres

      Denton Duplex with Guest House

      Designer duplex or main house with guest house on large lot.
      2012 N Locust St, Denton, TX 76209
      View Details
    • $389,000
      0.22 Acres

      Remodeled Duplex Near Universities

      Turnkey duplex near UNT and TWU, ideal for investors.
      806 Denton St, Denton, TX 76201
      View Details
    • $515,000
      0.79 Acres

      Commercial Property Near Guyer High

      Commercial property zoned SC - Suburban Corridor, suitable for various uses.
      5702 Teasley Ln, Denton, TX 76210
      View Details

    FAQs

    What type of property is this?
    Retail property - High-traffic location, excellent visibility.
    Where is this retail property located?
    The property is located at 2038 University Dr Denton, TX.
    What is the asking price?
    The asking price for this property is $2,586,666.
    What are key features of this property?
    This property features: 0.688-acre pad site at 2038 W University Drive, Denton, TX 76201.; 29,969 square feet, QSR/Fast Food zoning.; Adjacent to Rayzor Ranch retail development, high visibility and foot traffic.
    (214) 720-6676 Call to check price and availability
    Request Owner's contact information
    2038 University Dr Denton, TX 76201
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2038 University Dr
    Denton, TX 76201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2038 University Dr Denton, TX 76201
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matthew Rosenfeld
    Matthew Rosenfeld
    Real Estate License ID: 402795
    (214) 720-6676
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!